TS Ag Finance closed a $1,850,000 loan with borrowers located in Texas. The borrowers chose the Ag Equity RLOC with a 10-year draw period, 30-year term and 20-year amortization, utilizing the Farmer Mac loan program. The interest rate can be converted to a fixed interest rate after 10 years (when the revolving feature matures). The borrowers pledged 470 acres of ranchland as collateral and used the funds for business purposes.